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Weatherford International plc Message Board

  • margretbar2 margretbar2 Dec 10, 2009 9:27 AM Flag

    What is this about a secondary Cramer keeps hinting at in AA+..I never heard of one

    " think the concerns about slowing growth in Mexico and an equity secondary offering are factored into the shares at 15 times earnings vs. the 22 times average for the group. Even if the company were to do an offering at $16 -- management denies it will do one at all -- that would still make it a cheap stock at 18 times, well below the group."

    I'll be there to buy...but it makes me nervous

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